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A-LevelEconomicsThe price system and the microeconomy9708/12 · Oct/Nov 2019 · Q91 Mark

The diagram shows the market for air travel in Asia. The initial market equilibrium is at X. What will be the new equilibrium if the price of aviation fuel rises and incomes are falling in Asia? [Figure 9]

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APoint A
BPoint B
CPoint C
DPoint D

✓ Correct answer

A: Point A

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About this question

Topic
The price system and the microeconomy, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source
A-Level Economics, Oct/Nov 2019 Paper 1 Variant 2, question 9.

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